Baosteel Union announces share repurchase program update

Inner Mongolia Baotou Steel Union (SSE:600010) has announced an update on its share repurchase program, revealing that no shares have been repurchased as of May 31, 2025. The repurchase plan, approved at the company's board and shareholder meetings in April and May 2024, allows the company to repurchase shares via centralized bidding within 12 months of shareholder approval. The total repurchase amount is planned to be between CNY 100 million and CNY 200 million, with a repurchase price capped at CNY 2.73 per share. The repurchased shares will be cancelled to reduce the company's registered capital. The company stated it will make repurchase decisions based on market conditions and adhere to information disclosure obligations.